Wheaton divorce lawyersFew couples enter a divorce, planning to fight and argue. Yet, when they start to discuss touchy issues like money, assets, and children, tempers can quickly flare. Thankfully, there are some tips that you can use to avoid a messy divorce – and none rely on the actions of your spouse, meaning you can still attempt for a relatively amicable divorce, even if your ex becomes vengeful.

Focus on the Best Interests of Your Children

Parents who remain mindful of their child’s needs often fare better, even if their spouse starts to act out. That is because they understand that children usually cope better with divorce when they are able to have a healthy, continued relationship with both parents. They are less focused on “winning,” and more concerned about what their child needs and wants most.

Sometimes that can mean coming to terms with a difficult truth (i.e. their child would do best if they stayed with their other parent during the week because it would allow them to stay in the same school). Other times, it is simply recognizing that their spouse is a wonderful, loving parent, despite their short-comings as a partner. In short, the parent recognizes that their child is not a bargaining chip, but an innocent party in a difficult and painful separation – and that can change everything from how they negotiate to the way they talk to their spouse while doing parenting time exchanges. You can even do this if your spouse is attempts to make things difficult by minimizing your contact with them as much as possible.

Minimizing Contact with Your Spouse (With or Without Kids)

Couples who struggle to get along often benefit from minimizing their contact – and this can be done, even if you do not have children together. Rather than try to work out the details of your case on your own, have your attorney handle the negotiations. Have your divorce papers served by an unbiased party (law enforcement, etc.) instead of doing it yourself. Lastly, minimize all discussions that must take place (i.e. conversations regarding the children) to emails or text messages – and always read them over carefully – to avoid heated discussions.

Contact Our DuPage County Divorce Lawyers

At Stock, Carlson, Oldfield & McGrath, LLC, we work hard to help our clients navigate the divorce process with less contention because we understand the pain that it can cause for the involved parties. Dedicated and experienced, our seasoned DuPage County divorce lawyers can protect your best interests, and the best interests of your children. Start by scheduling a personalized consultation. Call 630-665-2500 today.

Source:

https://www.telegraph.co.uk/family/relationships/not-have-messy-divorce/

 

Posted in Divorce | Tagged , , , , |

Illinois divorce lawyersDivorce can be an expensive process, and there are many financial pitfalls that can further increase its cost. For the wealthy, things are about to get even riskier. Starting in 2019, the tax credits afforded to those paying alimony will be gone, and that can lead to some significant financial losses. The cost is so great, in fact, that many financial advisors are telling their clients to get divorced before the beginning of next year. Unfortunately, this may not be the best option for your case.

For the Love of Money – Rushing Your Case Could Have Severe Consequences

Money is one of the biggest and most frequent sources of contention in divorce – and for good reason. You may already have to scale back your life to accommodate the division of assets that typically occur in a divorce. What is more, you may be ordered to pay alimony to your former spouse. Should this happen, you may want to try and avoid the loss of the tax credit.

Unfortunately, if you rush things, you may make an even bigger mistake. Perhaps you may be so rushed that you fail to ensure your business is properly valued. As such, you may end up having to sell it, or you may lose more of your other marital assets. Alternatively, you may make decisions that are not in your best interest, such as selling the family home rather than using it as trade-out for a more valuable asset (i.e. projected business or investment profits, a portion of your retirement account, etc.). You may even make decisions to appease your ex-spouse’s requests, just to complete the divorce faster. Sadly, doing so could have irreversible, long-term consequences, such as:

  • Extreme financial loss;
  • Reduced decision-making power in your child’s life;
  • Business losses (including complete closure);
  • Losing the right to intellectual property;
  • Excessive and increased alimony payments;
  • Less time with your children; and
  • Being unable to retire as comfortably as you had planned.

None of this means that you cannot expedite your divorce; it simply shows that a rushed divorce may not be the right path. Instead, parties should consult with their lawyer to determine what course may provide the moneyed party with the best possible outcome.

Contact Our DuPage County Divorce Lawyers

At Stock, Carlson, Oldfield & McGrath, we work hard to protect the financial well-being of our clients. Learn more about how our seasoned DuPage County divorce lawyers can help to mitigate the potential financial losses Illinois divorce. Call 630-665-2500 and schedule your confidential, personalized consultation with our offices today.

Source:

http://fortune.com/2018/07/09/trump-tax-reform-alimony-deductible/?xid=gn_editorspicks

 

Posted in Divorce Finances | Tagged , , , , |

Illinois divorce attorneysIn an Illinois divorce, parties are supposed to equitably split their assets. Unfortunately, there are spouses who will go to extreme lengths to conceal marital assets so that they can obtain more than their fair share. This act, known as asset hiding, often begins long before the start of a divorce, which can make it all the more difficult for one to track down hidden money. Thankfully, disadvantaged spouses do have some resources at their disposal. Learn more about them in the following sections, and discover how a seasoned divorce attorney may be able to help you determine whether asset hiding may have been an issue in your marriage.

Women Uncovers Multiple Properties in Divorce Proceedings

For decades, an Australian woman lived on a strict budget. Her husband, who worked and handled all the finances, had told her that they did not have enough money to meet their basic living expenses, so she scrimped and saved as much as she could while raising their children. When she finally decided to leave him, she went to an attorney to try and determine how much her settlement might be. That is when her attorney discovered that he owned a total of 15 properties. The woman, shocked but also relieved, sought her fair share of the assets. Her lawyer managed to get her a settlement that amounted to half of all the marital assets. While it is unfortunate that she did not discover the assets sooner, the outcome of her case was positive because, for the first time in her life, she could live comfortably.

Uncovering Assets in Your Illinois Divorce

While you are not required to hire an attorney for your divorce, the case of the Australian woman shows just how much one can benefit you in a case with hidden assets. She did not have to track the money down on her own, and she had an advocate to protect her interests during the entire process. You, too, can increase your chances of a fair settlement by ensuring you have a seasoned divorce lawyer on your side. Just be sure that you choose one that is experienced in handling hidden asset cases, as these are specialized situations that typically require a skilled team of legal and financial professionals.

Contact Our Wheaton Divorce Lawyers

Backed by more than 40 years of experience, the seasoned legal team at Stock, Carlson, Oldfield & McGrath, LLC can protect for your best interests in a hidden asset case. We work closely with other professionals to help ensure you obtain the settlement that you deserve, and we aggressively pursue the most favorable outcome possible. Schedule your personalized consultation with our DuPage County divorce lawyers today. Call 630-665-2500.

Source:

https://www.news.com.au/finance/money/wealth/shocked-woman-finds-out-she-owns-15-properties/news-story/9f1611f88a57c7f54b0928c397960dbe

 

Posted in DIvision of Property | Tagged , , , , |